LAND STUDIO INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

GREG PECKHAM

Phone

2166215413

Tax Period

2023-01-01 to 2023-12-31

LAND STUDIO INC, founded in 1977, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.3M, a strong 26% operating margin.

Mission

THE MISSION OF L.A.N.D. STUDIO, INC. IS TO CREATE PLACES AND CONNECT PEOPLE THROUGH PUBLIC ART, SUSTAINABLE BUILDING AND DESIGN, COLLABORATIVE PLANNING, AND DYNAMIC PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $2,579,796 Revenue: $1,270,217

BEAUTIFICATION, PARKS, SUSTAINABLE DESIGN AND ART PROGRAMS PROVIDE A DIVERSE AGENDA: 1) TO ENHANCE THE LIVABILITY OF DOWNTOWN AND LEVERAGE THE INVESTMENT IN AND IMPLEMENTATION OF PUBLIC SPACE...

BEAUTIFICATION, PARKS, SUSTAINABLE DESIGN AND ART PROGRAMS PROVIDE A DIVERSE AGENDA: 1) TO ENHANCE THE LIVABILITY OF DOWNTOWN AND LEVERAGE THE INVESTMENT IN AND IMPLEMENTATION OF PUBLIC SPACE PROJECTS THROUGH DESIGN, FUNDRAISING, BUILDING AND PROGRAMMING; 2) TO PROVIDE NEIGHBORHOOD EFFORTS TO USE URBAN PARKS AND RELATED PROGRAMS AS COMMUNITY DEVELOPMENT TOOLS; 3) TO COLLABORATE WITH MAJOR COMMUNITY FOUNDATIONS AND INSTITUTIONS TO ASSESS PUBLIC SPACE UTILIZATION; 4) TO HARNESS SUSTAINABLE DESIGN AND DEVELOPMENT EXPERTISE THAT EXISTS WITHIN MANY OF CLEVELAND'S DESIGN RELATED NONPROFITS AND FIND A MECHANISM TO MARRY THESE RESOURCES IN DEVELOPMENT EFFORTS TAKING PLACE THROUGHOUT THE REGION; 5) TO IMPROVE PUBLIC SPACES THROUGH IDENTIFYING PUBLIC ART OPPORTUNITIES AND BRINGING EXPERTISE TO THE SELECTION OF ARTISTS AND THE IMPLEMENTATION OF PUBLIC ART PROJECTS; AND 6) BEAUTIFICATION PROGRAMS ARE PROVIDED TO IMPROVE, DEVELOP AND CONSERVE URBAN GREEN SPACE TO MAKE CLEVELAND A BETTER PLACE TO LIVE, WORK AND VISIT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,460,125

Program Service Revenue $1,270,217

Investment Income $277,188

Other Revenue $9,241

TOTAL REVENUE $5,016,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,834,685

Fundraising Expenses $541,984

Program Expenses $2,579,796

Other Expenses $1,877,427

TOTAL EXPENSES $3,712,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,016,771	$5,331,171	-0.1%
Expenses	$3,712,112	$5,221,100	-0.3%
Net Income	$1,304,659	$110,071	+10.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

231

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$185,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALYSHA ELLIS	DIRECTOR	2.00	Director	$0	$0	$0
ARIANE KIRKPATRICK	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
CONOR COAKLEY	DIRECTOR	2.00	Director	$0	$0	$0
DIONE ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH HIJAR	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LEPELLEY	DIRECTOR	2.00	Director	$0	$0	$0
LAURA KEPLEY	DIRECTOR	2.00	Director	$0	$0	$0
MARQUES RICHESON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL GRIFFIN	DIRECTOR	2.00	Director	$0	$0	$0
NEIL VINY	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN SCHACHAT	DIRECTOR	2.00	Director	$0	$0	$0
SARA EDWARDS	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT FINE	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE ARAL BOUTROS	DIRECTOR	2.00	Director	$0	$0	$0
TERA COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
WES HARPER	DIRECTOR	2.00	Director	$0	$0	$0
RUPAL MALANI	DIRECTOR	2.00	Director	$0	$0	$0
EMILY QUAN	DIRECTOR	2.00	Director	$0	$0	$0
KRISTINE BRYAN	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE JIRA	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS MALSTEAD	DIRECTOR	2.00	Director	$0	$0	$0
ZOSIMO MAXIMO	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE MEDVEDEV	DIRECTOR	2.00	Director	$0	$0	$0
JULIAN ROGERS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT GRIES	EMERITUS DIRECTOR	2.00	Director	$0	$0	$0
BARBARA LEUKART	EMERITUS DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BAILEY	SECRETARY	2.00	Officer Director	$0	$0	$0
BRENT LESLIE	TREASURER	2.00	Officer Director	$0	$0	$0
COLETTE JONES	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
NICK REIF	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GREG PECKHAM	EXECUTIVE DIRECTOR	40.00	Officer	$169,732	$15,570	$185,302
ELIZABETH PLACE	DIRECTOR OF FINANCE & HUMAN RESOURCES	40.00	Highest	$107,685	$8,236	$115,921

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$5,016,771	$3,712,112	$9,311,253	$1,304,659
2022	$5,331,171	$5,221,100	$8,068,746	$110,071
2021	$6,801,576	$2,719,225	$8,020,589	$4,082,351
2020	$2,631,055	$2,608,553	$3,766,931	$22,502
2019	$3,111,181	$3,557,140	$3,426,957	$-445,959
2018	$4,021,324	$3,128,169	$3,891,911	$893,155